Economy Adds 254,000 Jobs In September, July-August Numbers Revised Up, Core Inflation At Prepandemic Levels At 2.3%. Thanks President Biden

[EMH]

Yes we all know you anti-American Russian shills, sorry I mean republicans, were hoping for an economic collapse, and with the hoped-for strike getting settled before it really got started your last hope is all out war in the middle east.

The best thing this time about Trump is he is indeed THIS TIME really committed to reopening the 911 investigation.... which will expose your Zionist Fascist demographic as the culprits...

 

[Oddball]

Fake numbers are fake....

 

[para bellum]

No they were not. August payrolls revised up +17k to +159k, and July revised up +55k to +144k.

We won't see the final August revision until next month.

The July revision of +55K comes after revising July -25K in the August report.

Total revisions for the 2024 year are -404K and +94K, not including August (incomplete data).

That is a net downward revision of 310K jobs for the first 7 months of 2024.

 

[para bellum]

Sure.

Lets do it.

If it goes down I will leave the forum for a month.

If it does not go down you leave the forum for a month.

You would be a fool to make that bet. The September number will be revised in the October and November reports.

There have been 15 revisions to the 2024 monthly estimates so far, 11 have been negative and 4 have been positive. 2 of those 4 positives were in this September report (the month before an election, cough cough).

There is no way on God's Green Earth that the 254K number for September will stand up.

 

[Harpy Eagle]

You would be a fool to make that bet. The September number will be revised in the October and November reports.

There have been 15 revisions to the 2024 monthly estimates so far, 11 have been negative and 4 have been positive. 2 of those 4 positives were in this September report (the month before an election, cough cough).

There is no way on God's Green Earth that the 254K number for September will stand up.

so why are you afraid to accept it?

 

[C_Clayton_Jones]

How many of those jobs have gone to foreigners?

And as usual the reprehensible right wants to see the American people suffer for some perceived partisan gain.

 

[sealybobo]

Then why are there more than 12 million unemployed Americans?

That's easy

Retirees
People who don't wan't to work

The most layoffs were in technology like Elon Musk firing a lot of people.

But even counting all them, Biden added 250,000 jobs this month. And month after month he and Obama added jobs, never lost jobs, and it was never enough for you. Why? Because you hold them to different standards than Republicans. If Trump were president right now you'd be bragging about this economy. But you've said for all 4 years it sucked. Yea it sucks, cleaning up Trump and Bush's mess.

God I love this quote. He could so easily be talking about Biden

"I think Bill Clinton was a great president,’" Trump said in the interview that was conducted shortly after the 2008 presidential election on NY1's "Inside City Hall" program.

"You know, you look at the country then. The economy was doing great. Look at what happened during the Clinton years. I mean we had no war, the economy was doing great, everybody was happy. A lot of people hated him because they were jealous as hell,’" Trump said.

 

[sealybobo]

You would be a fool to make that bet. The September number will be revised in the October and November reports.

There have been 15 revisions to the 2024 monthly estimates so far, 11 have been negative and 4 have been positive. 2 of those 4 positives were in this September report (the month before an election, cough cough).

There is no way on God's Green Earth that the 254K number for September will stand up.

Hey numb nuts. This was true when Trump was president too. We didn't nit pick him on it like you're doing now.

This is a variation of "what's the REAL unemployment number. You did this to Obama. Trump had a unemployment number too. You never asked what the REAL unemployment was when he was POS, I mean POTUS. Trump puts the POS in POTUS.

 

[DStar777]

Hey numb nuts. This was true when Trump was president too. We didn't nit pick him on it like you're doing now.

Interesting. Apparently it makes little difference who occupies the White House. I wish employers got credit for creating these jobs. Politicians have little to do with how companies are managed.

 

[sealybobo]

Interesting. Apparently it makes little difference who occupies the White House. I wish employers got credit for creating these jobs. Politicians have little to do with how companies are managed.

It matters. I would say we fucked up electing Bush but today even more than ever I'm convinced my fears were right. 2000 was stolen. The co conspirators who tried helping Trump steal 2020 even referenced the Brooks Brother Riots of 2000. LET THEM RIOT. Because it throws a wrench in the process then send it to the corrupt Supreme's to give it to Trump.

Enough! If you want us to revolt, keep trying to rig elections.

 

[Mashmont]

Employers added 254,000 jobs in September, blowing away forecasts and reversing a slowdown in hiring that had prompted the Federal Reserve to make a jumbo rate cut at its meeting last month.

Economists had forecast 140,000 new jobs, according to financial data provider FactSet.

The unemployment rate inched down to 4.1%, versus 4.2% in the prior month.

The employment report marks the second-to-last reading on the labor market before the Federal Reserve's November 7 rate decision meeting, when the central bank is expected to once again cut its benchmark rate. The Fed last month made a jumbo cut, its first rate reduction in four years, in the face of weakness in hiring and a cooling economy.

But September's surprisingly strong hiring suggests that the U.S. could be headed for a so-called "soft landing," with the Fed's prior rate hikes having helped to cool the economy while skirting a recession, experts said.

"Today's data hit a grand slam with payrolls coming in strong, positive revisions and unemployment falling," noted Lindsay Rosner, head of multisector investing within Goldman Sachs Asset Management, in an email. "The economy is heading into the post-season solidly.

The strong data could give the Fed more flexibility at its November rate cut meeting, giving the central bank the breathing room to either issue a smaller rate cut of 0.25 percentage points, versus its 0.5 percentage point cut last month, experts says.

Employers had added 159,000 jobs in August and 144,000 in July, according to the Labor Department's revised figures for the prior two months.

Wages growing faster than inflation​

Average hourly wages rose 4% last month on an annual basis, signaling that workers are keeping ahead of inflation, which stood at an annual pace of 2.5% in August.

Inflation likely dropped to 2.3% last month, according to economists polled by FactSet. The Consumer Price Index report for September will be released on October 10.

Restaurants and other food services businesses added 69,000 jobs last month, while health care companies added 45,000 jobs, the Bureau of Labor Statistics said.

Employers added 254,000 jobs in September, blowing away forecasts

Wall Street is watching the labor market for signs of slower hiring, which could influence the Federal Reserve's next rate decision.

www.cbsnews.com

Marco Rubio said the numbers are fake. I believe Rubio over this administration.

 

[sealybobo]

Marco Rubio said the numbers are fake. I believe Rubio over this administration.

Why do you guys trust weirdos? Such obviously flawed people like Ted Cruz, Ron DiSantis, George Santos, Lindsgay Graham, Hershel Walker, Vance. Guys who don't even act human, Don't even know how to order donuts or drink a bottle of water like a normal person

Signs of dementia btw

Whatever makes sense?

 

[Harpy Eagle]

Marco Rubio said the numbers are fake. I believe Rubio over this administration.

Did he give any facts to support his claim?

 

[theHawk]

That's easy

Retirees
People who don't wan't to work

The most layoffs were in technology like Elon Musk firing a lot of people.

But even counting all them, Biden added 250,000 jobs this month. And month after month he and Obama added jobs, never lost jobs, and it was never enough for you. Why? Because you hold them to different standards than Republicans. If Trump were president right now you'd be bragging about this economy. But you've said for all 4 years it sucked. Yea it sucks, cleaning up Trump and Bush's mess.

God I love this quote. He could so easily be talking about Biden

"I think Bill Clinton was a great president,’" Trump said in the interview that was conducted shortly after the 2008 presidential election on NY1's "Inside City Hall" program.

"You know, you look at the country then. The economy was doing great. Look at what happened during the Clinton years. I mean we had no war, the economy was doing great, everybody was happy. A lot of people hated him because they were jealous as hell,’" Trump said.

Retirees are not counted in those numbers, dumbass.

 

[Harpy Eagle]

Retirees are not counted in those numbers, dumbass.

They are if the number is 12 million like you claimed it was

 

[theHawk]

They are if the number is 12 million like you claimed it was

It’s not a claim, that is the number the Fed said it was in the link I provided.

 

[Harpy Eagle]

There are 5.7 million people not in the workforce that want to be, but are not counted as part of the unemployed. This means it is not just 6.8 million unemployed, but 12.5 million.

If they wanted to be in the workforce they would be looking for a job, they are not which is why they are not counted.

 

[theHawk]

If they wanted to be in the workforce they would be looking for a job, they are not which is why they are not counted.

How does the government track that? If they are at home looking the government doesn’t know. These are just people that aren’t trying to get unemployment benefits from the government, it doesn’t mean they aren’t looking.

 

[sealybobo]

Retirees are not counted in those numbers, dumbass.

Point is, you nit pick this when Democrats are in the White House but not when Trump was president.

You never told us Trump lost 188,000 manufacturing jobs

net loss of 188,000 manufacturing jobs at the end of Trump’s presidency.

Trump vs. Harris on U.S. Manufacturing - FactCheck.org

Former President Donald Trump and Vice President Kamala Harris each claim they helped to revive American manufacturing and that the other has hurt it. And they both select cherry-picked data points to underscore their arguments.

www.factcheck.org

 

[sealybobo]

Beat you by 1 minute. But there will be very few reactions on this topic from America Last bad news crew.

The America Last crew will have to pin their hopes on the October report coming out right before the election. Thoughts and prayers for them today.

https://www.cnn.com/business/live-news/us-jobs-report-september-10-04-24/index.html

Jobs, Jobs Everywhere! 254K vs expected 141k, UE drops

I'm sure the America Last bad news crew on here won't start this thread, so I will. 141,000 jobs were expected. UE dropped from 4.2% to 4.1%. The America Last crew will have to pin their hopes on the October report coming out right before the election. Thoughts and prayers for them today...

www.usmessageboard.com

I wanted to point something out here

Trump vs. Harris on U.S. Manufacturing - FactCheck.org

Former President Donald Trump and Vice President Kamala Harris each claim they helped to revive American manufacturing and that the other has hurt it. And they both select cherry-picked data points to underscore their arguments.

www.factcheck.org

Trump rightly noted that there was a loss of manufacturing jobs in the year before he took office. There was a loss of 7,000 manufacturing jobs in 2016, measuring from December 2015 to December 2016. (Trump rounded up to 10,000 jobs.)

However, Trump didn’t mention that the number of manufacturing jobs had been steadily increasing for nearly six years prior to leveling off in 2016 — rising by more than 900,000 jobs after the Great Recession. The manufacturing jobs lost in the Great Recession have still not been recovered.

Thank you Obama. Meanwhile, Trump's crying about 7000 jobs lost?